Visit to Jamsil MICE Complex Development Site

Attendance at Real Estate Hell Countermeasure Meetings in Songpa, Gangnam, and Seocho

Oh Se-hun, the People Power Party candidate for Seoul Mayor, toured the so-called "Gangnam 3 Districts" (Gangnam, Seocho, and Songpa) on May 15, reinforcing his political base in these key areas.


Seoul Mayor candidate Oh Se-hun of the People Power Party is attending a press conference at the Real Estate Hell Citizens' Countermeasure Meeting held on the 15th in Songpa, Seoul. Oh's campaign team

Seoul Mayor candidate Oh Se-hun of the People Power Party is attending a press conference at the Real Estate Hell Citizens' Countermeasure Meeting held on the 15th in Songpa, Seoul. Oh's campaign team

View original image

In the afternoon, Oh visited the site of the Jamsil Sports and Exhibition Convention (MICE) complex development project, located between Songpa and Gangnam in Seoul. The Jamsil MICE project, which aims to develop facilities such as a swimming pool, baseball stadium, and exhibition convention center in the Jamsil area, has been one of Oh's long-cherished goals since his previous term as mayor.


Oh explained, "This project, which began in 2007 with the launch of the Hangang Renaissance Project during my first term as mayor, is now on the verge of a project agreement next month. I am deeply moved." He added, "Once completed, this project will connect Gangnam and Songpa."


He continued, "The facility to be built here will be 2.5 times the size of COEX, and will include a soccer stadium, a baseball stadium—especially a domed stadium—and three large hotels. This is a massive development project that starts from the COEX area, continues through the Yeongdong-daero complex development, the Global Business Complex (GBC) project, and the Tancheon pedestrian walkway project, ultimately leading to the Jamsil MICE complex."


Oh also emphasized, "Once this project is completed, a green axis will be created from Samseong Station to Bongeunsa Temple. While the Jongmyo–Namsan green axis is the representative ecological corridor in northern Seoul, this project will establish a counterpart in southern Seoul." He added, "I hope the project progresses smoothly and provides Gangnam and Songpa residents with vibrant green spaces, recreational sports facilities, and entertainment venues."


Prior to his visit to the Jamsil MICE site, Oh attended the Real Estate Hell Citizens' Countermeasure Meeting held in Songpa. He then continued to attend similar meetings in Gangnam and Seocho, listening to the concerns and opinions of local residents.


Meeting with reporters, Oh said, "By visiting the reconstruction sites that I had previously postponed, all in one day, I aimed to hear the voices of residents in the Gangnam 3 Districts regarding the current real estate situation. Today was a day to strengthen my resolve on how to tackle the many pending housing issues one by one, based on their feedback."


He added, "In Songpa, the officially assessed land value has skyrocketed in just one year. Jeong Won-oh, the Democratic Party's Seoul mayoral candidate, proposed a one-year, temporary property tax cut mainly for elderly residents with no income, which left the residents feeling both frustrated and angry." Oh continued, "With the triple-strong trend in monthly rent, jeonse, and sales prices, residents may well be sending a stern warning to the Lee Jae-myung administration."



Meanwhile, Oh once again called for a one-on-one debate with his opponent. He said, "I would like to reiterate my willingness to participate in a debate at any time, place, format, or on any topic, and urge Jeong once again to agree to a one-on-one debate."


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing